Summary - Stringers Barber Shop,165 High Street,LINCOLN,LN5 7AF LN5 7AF
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime location on High Street, Lincoln’s pedestrianized shopping area
- Current rental income of £16,000 per annum
- Total floor area of approximately 912 sq. ft.
- Upper floors suitable for office or storage with renovation potential
- Strong foot traffic and near popular retailers (Poundland, Tesco, JD Sports, etc.)
**Concerns:**
- Lease has only 3 years remaining, potentially limiting mortgage options
- Second floor requires refurbishment
- High crime rates in the local area
**Summary:**
Seize this investment opportunity in the heart of Lincoln, where a retail property on the bustling High Street is generating a steady income of £16,000 per annum. Boasting approximately 912 sq. ft. of versatile space, the property currently operates as a barbershop with a well-designed ground floor retail area, along with a kitchenette and separate WC on the first floor. The second floor holds significant potential for conversion to office space or increased storage, although it currently needs renovation to fulfill its possibilities.
Located in a vibrant city famed for its rich history and university atmosphere, this property benefits from high foot traffic, surrounded by popular national retailers and close to the main university campus. While there are concerns such as the limited time left on the lease and some required refurbishments, the rising demand in this cosmopolitan neighborhood can offer significant future growth opportunities. Take advantage of its unique selling points and envision expanding your portfolio in this desirable location—properties like this don't last long!
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